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NBR: Paying off debt

Buttercup29Buttercup29
in North Dakota Babies

I am so excited that we are taking some major steps to get totally debt free. DH called about his college loan yesterday and we found out that the if we put $77 additional bucks towards his loan, we could have it paid off in 10 years. That might sound like a long time, but given the amount - it was great news.

Anyone else doing something to cut back or paying off debt?

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Re: NBR: Paying off debt

  • spiritenergyspiritenergy
    We now proudly own two paid off cars.  :)
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  • Lisa7Lisa7 member
    That's awesome! We are trying, unfortunately I married into debt, lol. So we decided out of each paycheck to put a certain amount towards it. GL
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  • sillybiochemistsillybiochemist

    That's great news!  

    I was the one with the debt when we got married and recently we paid it off by taking a loan from DH's thrift savings account.  It works where all of the interest that we pay goes directly into the account so you lose the ability for that money to grow but don't completely miss out on having some interest build up while your using the money.  It wasn't an option we wanted but with little one on the way and me not having a job, it seemed like the least stressful way to deal with it. 

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  • Mrs.S_0909Mrs.S_0909
    DH and I have been trying to pay off our debt since we were done with the wedding spending. We no longer have any cc debt, his car is paid off, and I'm working on paying mine off in the next 2 years. Then we have to tackle the student loans (yuck!). :)
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  • BlondeBeachBride08BlondeBeachBride08

    We've been in heavy debt repayment mode. 6 more months until we're completely debt free and I cannot wait!!

    ETA: this is not including student loans, we'll be paying those forever. haha 

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